Vishay Precision Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Vishay Precision Group (NYSE:VPG) Full Year 2023 Results
Key Financial Results
Revenue: US$355.0m (down 2.1% from FY 2022).
Net income: US$25.7m (down 29% from FY 2022).
Profit margin: 7.2% (down from 9.9% in FY 2022).
EPS: US$1.89 (down from US$2.65 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vishay Precision Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 2.3%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are up 12% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Vishay Precision Group's balance sheet and an in-depth analysis of the company's financial position.
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